The Hartford Correlations

HSMCX Fund

USD 19.65 0.09 0.46%

The current 90-days correlation between Hartford Small and Gabelli Global Financial is 0.76 (i.e., Poor diversification). The correlation of The Hartford is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

The Hartford Correlation With Market

Very poor diversification

The correlation between The Hartford Small and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Hartford Small and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in The Hartford Small. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with The Mutual Fund

0.89	HGOFX	Hartford Growth	Pair Corr
0.89	HGOIX	Hartford Growth	Pair Corr
0.89	HGORX	Hartford Growth	Pair Corr
0.89	HGOSX	Hartford Growth	Pair Corr
0.89	HGOTX	Hartford Growth Oppo	Pair Corr
0.89	HGOVX	Hartford Growth	Pair Corr
0.89	HGOYX	Hartford Growth	Pair Corr
0.89	HGOAX	Hartford Growth	Pair Corr
0.89	HGOCX	Hartford Growth	Pair Corr
0.93	HIACX	Hartford Capital App	Pair Corr
0.9	HIADX	Hartford Dividend And	Pair Corr
0.92	HIAGX	Hartford Disciplined	Pair Corr
1.0	HIASX	Hartford Small Pany	Pair Corr
0.93	HIBCX	Hartford Capital App	Pair Corr
0.97	HIMCX	Hartford Midcap Hls	Pair Corr

Moving against The Mutual Fund

0.57	HIABX	Hartford Total Return	Pair Corr
0.62	HIAHX	Hartford Healthcare Hls	Pair Corr
0.52	HILCX	Hartford International	Pair Corr
0.51	HILAX	Hartford International	Pair Corr
0.51	HILRX	Hartford International	Pair Corr
0.51	HILSX	Hartford International	Pair Corr
0.51	HILYX	Hartford International	Pair Corr

Related Correlations Analysis

	GCFSX	PSSRX	FNPIX	PFSQX	FTIXX	FIKBX
GCFSX		0.96	0.94	0.96	0.25	0.97	GCFSX
PSSRX	0.96		0.99	1.0	0.23	1.0	PSSRX
FNPIX	0.94	0.99		0.99	0.19	0.99	FNPIX
PFSQX	0.96	1.0	0.99		0.23	1.0	PFSQX
FTIXX	0.25	0.23	0.19	0.23		0.23	FTIXX
FIKBX	0.97	1.0	0.99	1.0	0.23		FIKBX
	GCFSX	PSSRX	FNPIX	PFSQX	FTIXX	FIKBX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Hartford Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze The Hartford's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GCFSX	0.68	0.01	0.00	0.13	0.65	(0.86)	1.52	(1.51)	6.07
PSSRX	0.80	0.04	0.11	0.16	0.52	(1.03)	1.61	(1.41)	8.30
FNPIX	1.08	0.06	0.13	0.16	0.87	(1.18)	2.09	(1.83)	11.72
PFSQX	0.80	0.04	0.11	0.16	0.51	(1.03)	1.58	(1.42)	8.34
FTIXX	0.03	0.01	0.00	(4.42)	0.00	0.00	0.00	0.00	1.01
FIKBX	0.84	0.07	0.16	0.18	0.50	(1.02)	1.88	(1.15)	9.76

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC